MAK Acquisition Corp. Units represent a special purpose acquisition company (SPAC) structure listed on the Toronto Stock Exchange. Each unit initially consists of one Class A restricted voting share and one-half of one share purchase warrant, designed to raise capital with the objective of completing a qualifying acquisition in the technology, defence, and space sectors. The Class A shares trade in U.S. dollars and entitle holders to pro rata distributions from an escrowed trust account, including interest, in the event of a redemption, a failed qualifying acquisition, or an extension of the permitted timeline. Holders have limited voting rights, excluding matters such as director elections, but can vote on key corporate actions including the issuance of multiple voting shares upon conversion of Class B shares. The attached warrants become exercisable at US$11.50 per share 65 days after a qualifying acquisition closes and expire five years after that closing, subject to an acceleration clause. If no qualifying acquisition occurs within the permitted timeline, the units are liquidated and the warrants expire worthless. The structure is intended to align investor interests with the successful completion of a target business combination.